Ethereum is a prominent cryptocurrency that’s been gaining traction in the slots world. Therefore, you may be interested in learning about the pros and cons of Ethereum slots.
Those in crypto view Ethereum (ETH) as a blockchain platform dealing with smart contracts. However, it’s very effective as a currency too.
The currency aspect is why you can use Ethereum for online slots. Now that I’ve explained the basics, I’ll discuss the benefits and downsides of using ETH for slots.
Advantages of Ethereum Slots
ETH is decentralized, meaning it’s not controlled by a government or bank. It can be used to play slots when traditional payment methods (e.g. credit cards, e-wallets) aren’t available.
Another benefit is that Ethereum is easy to use once you get the hang of it. You may struggle in the beginning if you’re new to crypto, but the process gets easier.
Finally, ETH features low fees when cashing out. It’s cheaper to use at online casinos in comparison to ACH, e-wallets, and bank transfers.
Drawbacks of Ethereum Slots
One big problem with Ethereum is that it’s not available at the majority of casinos. Bitcoin still dominates the gaming world in terms of usage.
ETH is slowly gaining ground on Bitcoin at casinos. But I emphasize the word “slowly.”
Ethereum also takes some getting used to for those who’ve never used cryptocurrency. You need to master using an exchange and storing your crypto in a wallet (optional) afterward.
One more dilemma is that Ethereum’s price tends to fluctuate. Sometimes these fluctuations benefit you, while other times they don’t.
Consensus on the Pros and Cons of Ethereum Slots
Overall, Ethereum is a solid choice for online slots. This cryptocurrency offers decentralization, ease of use (eventually), and low fees.
You may find that the drawbacks outweigh the advantages. But I personally think that ETH is a good currency for online gaming.